Bernstein Maintains Outperform on Peloton Interactive, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Aneesha Sherman maintains an Outperform rating on Peloton Interactive (NASDAQ:PTON) but lowers the price target from $20 to $13.

August 24, 2023 | 3:40 pm
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Peloton's price target has been lowered from $20 to $13 by Bernstein, though the Outperform rating is maintained.
The lowering of the price target by a respected analyst could negatively impact investor sentiment and potentially lead to a short-term decrease in Peloton's stock price. However, the maintained Outperform rating suggests that the analyst still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100